Aug 25, 2023
In a world of streamlined efficiencies and technological hacks, it's tempting to believe even the messiest stuff would have been smoothed over by progress. Some things, however, just get tougher. Take, for instance, the thorny issue of divorce. According to legal experts and research studies, the months of March and August are peak months for splits.
With an average cost of $15,000 per person, divorce doesn't come cheap. And if complications like custody battles come into play, that price can soar to over $100,000. Particularly this August, the financial burden comes against the backdrop of a more significant and looming cost-of-living crisis.
This cost-of-living crisis is characterized by the decline in real disposable incomes after adjusting for inflation and taxes, i.e., your wallet on a diet. It comes as the result of record inflation and interest rates that threaten to outpace household incomes, creating a disparity that could persist for years. These financial pressures have emerged not only as pivotal factors in managing your expenses but also as key players in marital breakups.
Consider the process of splitting assets. Even under regular circumstances, dividing things up can be a challenge. However, when mixed with a volatile stock market, declining property values, and reduced purchasing power, things get even trickier.
Juggling the financial demands of two households with limited resources can be difficult. Rising utility bills and fuel costs only add to the financial strain, intensifying the difficulty of making decisions about property, mortgages, and spousal support.
In the example of dividing property, in today’s environment, it's not just about dividing the pie – you also have to consider ongoing fluctuation in values and anticipate further market shifts. And while low-interest rates open the door to refinancing for equitable property division, the intricacies of mortgages, such as removing a co-signer, can turn into a financial labyrinth, demanding careful comprehension for the right money moves.
As the economy continues twisting and turning, divorce isn't merely about untangling emotions; it's also about analyzing spreadsheets and navigating the fine print. In a world where technology often appears to smooth out every wrinkle, divorce serves as a reminder that life's messiest problems never really lose their edge.
— Your Titan Team
© Copyright 2023 Titan Global Capital Management USA LLC. All Rights Reserved.
Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.
Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.
The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.
Cryptocurrency advisory services are provided by Titan. Cryptocurrency trading is provided by Bakkt Crypto Solutions LLC ("Bakkt Crypto"). Bakkt Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Bakkt Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution services are provided by Bakkt Crypto (NMLS ID 1828849) through a software licensing agreement between Bakkt Crypto and Titan. Please ensure that you fully understand the risks involved before trading: bakkt.com/disclosures.
Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
Contact Titan at email@example.com. 508 LaGuardia Place NY, NY 10012.